XML 131 R116.htm IDEA: XBRL DOCUMENT v3.20.2
Schedule II - Condensed Financial Information of Registrant (Parent Company Only) (Cash Flows) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net (loss) income $ (625) $ 10,347
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:    
Depreciation and amortization expense 5,365 5,141
Deferred income tax (benefit) expense 817 (1,844)
Change in current federal income tax payable (recoverable) (8,999) 7,536
Change in all other liabilities 5,158 (267)
Change in all other assets 4,273 3,007
Net cash provided by (used in) operating activities 27,670 (32,935)
Cash flows from investing activities:    
Purchases of property and equipment (4,188) (2,101)
Purchase of investment securities (259,769) (222,642)
Maturities, sales and redemptions of investment securities 231,603 232,081
Net cash (used in) provided by investing activities (32,354) 7,338
Cash flows from financing activities:    
Proceeds from exercise of employee stock options 1,520 242
Payment of revolving credit facility (30,000)  
Payment of debt issuance costs (979)  
Proceeds from senior unsecured note offering 50,000  
Purchase of treasury shares (1,380) (1,807)
Net cash provided by (used in) financing activities 19,161 (1,565)
Increase (decrease) in cash and cash equivalents and restricted cash 14,477 (27,162)
Cash and cash equivalents and restricted cash at beginning of period 40,471 67,633
Cash and cash equivalents and restricted cash at end of period 54,948 40,471
Supplemental cash flow information:    
Interest paid 4,289 4,842
Income taxes (recovered) paid 7,775 (3,236)
Parent Company [Member]    
Cash flows from operating activities:    
Net (loss) income (625) 10,347
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:    
Depreciation and amortization expense 381 377
Deferred income tax (benefit) expense (611) 51
Net realized gains (830)  
Undistributed share of loss (earnings) of subsidiaries 14,183 (5,430)
Change in current federal income tax payable (recoverable) 229 (2,219)
Change in all other liabilities 994 (3,075)
Change in all other assets (2,339) (466)
Net cash provided by (used in) operating activities 11,382 (415)
Cash flows from investing activities:    
Purchases of property and equipment (1,211) (55)
Purchase of investment securities (1,259)  
Maturities, sales and redemptions of investment securities 1,405  
Capital contribution to subsidiaries (20,000)  
Net cash (used in) provided by investing activities (21,065) (55)
Cash flows from financing activities:    
Proceeds from exercise of employee stock options 1,520 242
Payment of revolving credit facility (30,000)  
Payment of debt issuance costs (979)  
Proceeds from senior unsecured note offering 50,000  
Purchase of treasury shares (1,380) (1,807)
Net cash provided by (used in) financing activities 19,161 (1,565)
Increase (decrease) in cash and cash equivalents and restricted cash 9,478 (2,035)
Cash and cash equivalents and restricted cash at beginning of period 10,159 12,194
Cash and cash equivalents and restricted cash at end of period 19,637 10,159
Supplemental cash flow information:    
Interest paid 4,289 4,842
Income taxes (recovered) paid $ (448) $ 1,996